The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CINCINNATI BELL INC NEW PFD CV DEP1/20 171871403 81 2,500 SH   SOLE   2,500 0 0
iShares Core U.S. Aggregate Bo CORE US AGGBD ET 464287226 19,860 175,490 SH   SOLE   175,490 0 0
iShares iBoxx $ Investment Gra IBOXX INV CP ETF 464287242 14,763 115,805 SH   SOLE   115,805 0 0
iShares 7-10 Year Treasury Bon BARCLAYS 7 10 YR 464287440 2,702 24,025 SH   SOLE   24,025 0 0
iShares iBoxx High Yield Corpo IBOXX HI YD ETF 464288513 12,803 146,879 SH   SOLE   146,879 0 0
iShares MBS ETF MBS ETF 464288588 13,366 123,421 SH   SOLE   123,421 0 0
iShares Preferred & Income Sec S&P US PFD STK 464288687 31,728 845,415 SH   SOLE   845,415 0 0
iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 2,498 49,000 SH   SOLE   49,000 0 0
Mr Cooper Group Inc COM 62482R107 1 102 SH   SOLE   102 0 0
Nuveen Preferred & Income Oppo COM 67073B106 4,422 440,000 SH   SOLE   440,000 0 0
SPDR Wells Fargo Preferred Sto WELLS FG PFD ETF 78464A292 508 11,500 SH   SOLE   11,500 0 0
SPDR Bloomberg Barclays Invest BLOMBERG BRC INV 78468R200 501 16,300 SH   SOLE   16,300 0 0
SPDR Bloomberg Barclays Short BLOOMBERG SRT TR 78468R408 500 18,500 SH   SOLE   18,500 0 0
SPDR Bloomberg Barclays High Y BLOOMBERG BRCLYS 78468R622 1,316 12,100 SH   SOLE   12,100 0 0
Vanguard Intermediate-Term Cor INT-TERM CORP 92206C870 8,105 88,835 SH   SOLE   88,835 0 0